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True or false: Every time land is sold, the line item for the sale of land in the investing activities section of the Statement of Cash Flows will equal the change in the asset …

True or false: Every time land is sold, the line item for the sale of land in the investing activities section of the Statement of Cash Flows will equal the change in the asset …
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21 votes
True or false: Every time land is sold, the line item for the sale of land in the investing activities section of the Statement of Cash Flows will equal the change in the asset account on the balance sheet.

asked
User Dave Templin
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8.1k points

1 Answer

6 votes
The answer is false.
answered
User Lucas Siqueira
by
8.2k points
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